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xyz_trader1on Jan 31, 2019 6:15pm
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Post# 29304104
Reason for and Benefits of the Acquisition of Beadell
Reason for and Benefits of the Acquisition of Beadell Reasons for and Benefits of the Acquisition
The Acquisition of Beadell will create a new growth-oriented intermediate precious metals producer focused on the Americas with the following key strategic benefits:
- Diversified portfolio of producing mines in Mexico and Brazil, and an advanced stage development project in Peru;
- Significant 2018 pro-forma gold and silver production of 123,336 gold ounces from Beadell to complement Great Panther's 2018 production of 4.17 million silver equivalent ounces (pro-forma ~175,000 gold equivalent ounces or ~14 million silver equivalent ounces)(1)(2);
- Near-term resource growth potential from Beadell's in- and near-mine targets to add to the growth potential from Great Panther's advanced-stage Coricancha project in Peru;
- Addition of extensive reserve and resources, including 1.3 million ounces of gold in proven and probable reserves, and 2.0 million ounces of measured and indicated gold resources(3);
- Longer-term exploration optionality from Beadell's 2,500 square kilometre highly prospective land package;
- Strong balance sheet to support a robust growth portfolio; and
- Attractive re-rating potential.
| (1) Based on Beadell and Great Panther's fiscal year 2018 production figures |
| (2) Gold and silver equivalents based on an 80:1 gold:silver ratio |
| (3) As at June 30, 2018 |
Read more at https://stockhouse.com/news/press-releases/2019/01/30/glass-lewis-recommends-shareholders-vote-in-favour-of-great-panther-silver-s#BzglLlQlMV8b7CmQ.99